From January through March of 2019, there were two homes sold, with a median sale price of $135,500 - a 15.3% decrease over the $160,000 median sale price for the same period of the previous year. There were five homes sold in Silver Lake in the first quarter of 2018.
The median sales tax in Silver Lake for the most recent year with available data, 2018, was $3,598, approximately 2.7% of the median home sale price for the first quarter of 2019.
The following table compares Silver Lake to other McHenry County cities with similar median sales prices in the first quarter of 2019:
| City | Jan. - Mar. 2019 Home Sales | Jan. - Mar. 2018 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2019 Median Sales Price | Jan. - Mar. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Lakemoor | 8 | 6 | 33.3% | $162,000 | $147,000 | 10.2% |
| Holiday Hills | 6 | 0 | - | $156,250 | $0 | - |
| Marengo | 20 | 21 | -4.8% | $145,500 | $153,000 | -4.9% |
| Island Lake | 26 | 18 | 44.4% | $142,250 | $172,000 | -17.3% |
| Wonder Lake | 37 | 50 | -26% | $138,000 | $130,750 | 5.5% |
| Silver Lake | 2 | 5 | -60% | $135,500 | $160,000 | -15.3% |
| Eastwood Manor | 1 | 0 | - | $134,000 | $0 | - |
| Union | 3 | 2 | 50% | $125,000 | $180,000 | -30.6% |
| Crystal Gardens | 2 | 1 | 100% | $114,500 | $119,000 | -3.8% |
| Harvard | 28 | 20 | 40% | $101,500 | $86,750 | 17% |
| Lilymoor | 3 | 1 | 200% | $82,000 | $143,000 | -42.7% |
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